LLC formations and disputes

[Sunny Malik]

Hi everyone, 

Does anyone have a lawyer they've used in the past that's good at explaining rights in an LLC (both for existing and forming new ones)?

I'm considering forming an LLC with 2 other business partners. I wanted to understand what it means to have a majority when ownership is split into equal ownership across all 3 members. In particular, I don't want to find myself in a situation where we buy real estate, the other 2 members then decide (through a majority vote) to sell themselves the real estate to another LLC (which they've formed) and I'm out of the loop. I trust these members but they have a family bond and you never know what can happen so just trying to make sure I'm protected before setting down a multi year partnership.

Thanks, 

Sunny

[Luis Alvarez]

Hi Sunny,

Having an asset protection background, I've seen these similar scenarios come up and have  worked with some to iron out such concerns. DM me and maybe I can provide some more insight to your situation.